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Article: COMPANY GETS SECOND DELISTING NOTICE.(BUSINESS)
- Article from:
- The Wisconsin State Journal (Madison, WI)
- Article date:
- November 22, 2008
CopyrightCOPYRIGHT 2008 Capital Newspapers. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Spectrum Brands has received a second notice from the New York Stock Exchange that it has fallen below the exchange's listing standards due to an average daily closing stock price of less than $1 per share over a 30-day period.
The company plans to notify the NYSE that it will cure the price condition by Dec. 5. Spectrum's stock closed Friday at 29 cents a share.
Spectrum also received a notice from the NYSE on Tuesday that it faced delisting because its market capitalization was below $75 million for 30 days. The company has 45 days to submit an 18-month plan to comply with that standard.
Spectrum's headquarters is in Atlanta and its Rayovac ...